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A 36-Digit Debt: Google's Penalty in Russia Climbs Beyond Imagination

Russia has fined Google over $20 trillion for noncompliance with a court order to restore Russian state TV channels, with penalties doubling every day and potentially leading to service blocks. The multi-digit sum exceeds Alphabet's market value and Google has had its Russian assets seized.
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Peter Schiff's Grim Forecast: Microstrategy's Bitcoin Gamble Nears Dangerous Limits

Gold advocate Peter Schiff warns that Microstrategy's $42bn plan to buy Bitcoin, funded by debt and equity, risks a liquidity trap and cites Michael Saylor as "the Egg Man". Schiff's advice comes amid fears that declining or stabilising Bitcoin prices could affect Microstrategy. Schiff frequently criticises Bitcoin and promotes gold. He suggested that the Federal Reserve risks making past policy mistakes with anticipated interest rate cuts and QE, which will fuel debt, increase consumer prices, weaken the dollar, and reignite inflation.
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Crypto's Unseen Impact on Treasury Demand: How Tokenization Might Redefine Market Hedging

U.S. Treasury report implies tokenized safe havens could drive significant demand for Treasuries. The report explains that the growth of digital assets, like bitcoin and tokenization, could reshape Treasury issuance and influence liquidity and hedging strategies. This indicates that during substantial crypto market declines, institutional adoption of bitcoin and other crypto could result in increased hedging demand for Treasuries. The growth of institutionalized crypto markets could lead to additional demand for tokenized Treasuries in times of enhanced downside volatility.
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JPMorgan Predicts Bitcoin, Gold Boost With Trump Triumph on Horizon

JPMorgan analysts suggest a potential Trump win could drive retail demand for both Bitcoin and gold, with October's Bitcoin ETF inflows the third-highest monthly inflow this year, although institutional investors remain more cautious.
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WatermelonFlavoredWindvip:
Grasp the trend and make a fortune in 2024! 💸

Does US Dollar Need to Collapse for Bitcoin to Hit $200K? Bitwise Says No

Matt Hougan, Bitwise's CIO, believes bitcoin could reach $200k due to increased demand for store-of-value assets and its potential to become a significant part of the gold market. Institutional adoption is also essential to fuel this progression. Hougan argued that the US dollar doesn't have to collapse for bitcoin to reach new highs.
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Elon Musk Teases 69.420% on Trump's Lead Over Harris as Biden Faces 'Garbage' Backlash

Elon Musk hinted with “69.420% coming soon” in response to a post about Trump's lead over Harris; Biden faced backlash for alleged “garbage” comment on Trump supporters.
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Another Satoshi Nakamoto ‘Unmasking’ Announced—But Bitcoin Community Isn’t Buying It

In a move billed as “historic,” a purported revelation of Satoshi Nakamoto’s identity is scheduled for a live press conference on Oct. 31, sparking debate and skepticism within the bitcoin community.

Will the Real Satoshi Nakamoto Please Stand Up? Community Questions Latest Identity Claim Slated
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JBSTheBossvip:
nice

Putin Declares 'The Time Has Come' for BRICS to Build Its Own Financial Platform

Russian President Putin has called for the creation of an economic platform in BRICS to increase investment flows in infrastructure and technology across member countries and Southeast Asia. This may unlock the potential of the affected growing economies.
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US Sanctions on Russia Backfire, Elevating BRICS as a 'Genuine Financial Threat'

Western sanctions on Russia have increased distrust in the West and boosted BRICS as an alternative financial system, says former US state senator Richard Black. Although the sanctions initially hit Russia, the country subsequently became more influential by forging deeper ties with nations in Africa, Asia and Latin America. Black warned that the West's freezing of Russian bank deposits had revealed the possibility of blackmail by the US and UK and prompted many nations to turn towards BRICS. The trend could potentially lead to a significant threat to hegemons of the West.
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JPMorgan CEO Takes Aim at 'Unfair' Regulations — Declares 'It's Time to Fight Back'

JPMorgan CEO Jamie Dimon called U.S. banking regulations “unfair and unjust,” warning they may destabilize the industry and asserting banks must “fight back” against overreach.

JPMorgan’s Jamie Dimon Unleashes Fury on Banking Rules

JPMorgan Chase CEO Jamie Dimon criticized U.S. financial
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Peter Schiff Emphasizes Gold Bull Market Is Just Getting Started

Peter Schiff predicts historic gold rally due to inflation and economic turmoil, with prices potentially ranging between $2,500 and $3,000 by year-end. Schiff suggests a potential “mother of all gold bull markets” and believes gold could reach $26,000 or even $100,000 due to inflation and fiat currency devaluation.
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BRICS, SCO Align on Unified Payment _ to Reduce Dollar Reliance

The Shanghai Cooperation Organization is discussing a unified payment system to increase national currency use, in line with BRICS' aims to reduce Western economic influence. A specialized working group with central banks and finance ministries from each SCO member is working on the task. Increasing the use of national currencies in cross-border transactions is the priority. A free flow of capital, technology, and services is central to the SCO's mission of fostering economic cooperation within the alliance, says Secretary-General Zhang Ming. The BRICS is also developing a unified payment system, potentially introducing a common digital currency.
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Elon Musk’s DOGE to Slash $2 Trillion From Government Budget — 'The Future Is Going to Be Amazing'

DOGE cuts could lead to $2 trillion in federal spending reduction, according to Elon Musk. He plans to lead the Department of Government Efficiency (DOGE) and aims to free Americans from excessive taxation and government overreach.
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Blackrock to Vote on Microsoft's Bitcoin Move — BTC Treasury Strategy in Focus

Blackrock’s 7% stake in Microsoft fuels speculation on the tech giant’s decision on adding Bitcoin to its reserves, as it has been proposed by the National Center for Public Policy Research. The proposal suggests Microsoft should allocate at least 1% of its assets to Bitcoin as a hedge against inflation. Blackrock, known for its support of Bitcoin, will vote on the proposal at the upcoming Dec 10 shareholder meeting. Microsoft’s board asked shareholders to reject the proposal citing Bitcoin’s instability.
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Blackrock to Vote on Microsoft's Bitcoin Move — BTC Treasury Strategy in Focus

Blackrock’s 7% stake in Microsoft fuels speculation on the tech giant’s decision on adding Bitcoin to its reserves, as it has been proposed by the National Center for Public Policy Research. The proposal suggests Microsoft should allocate at least 1% of its assets to Bitcoin as a hedge against inflation. Blackrock, known for its support of Bitcoin, will vote on the proposal at the upcoming Dec 10 shareholder meeting. Microsoft’s board asked shareholders to reject the proposal citing Bitcoin’s instability.
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